Where Futures Lies

Daily Futures Trading Strategy 16 August 2019

Futurescoin
Publish date: Fri, 16 Aug 2019, 06:04 AM

FUTURESCOIN IS GOING GLOBAL TODAY

 

WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

 

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E-Mini Dow

 

U.S. stocks rose on Thursday, making back some of the steep losses in the previous session, as retail giant Walmart's earnings and strong retail sales figures led investors to believe the U.S. consumer could help the country avoid a recession.


At 9.16 am ET, e-mini Dow were up 102 points or 0.4%.


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Plan A : Attempt to go long if market stays firm above 25575

Plan B : Cut below 25513. Targets seen at 25680 and 25750

Plan C : Consider selling if market fails to breach above 25700.

Plan D : Cut above 25750. Targets seen at 25610 and 25575




E-Mini S&P 500


Stocks rose on Thursday, making back some of the steep losses in the previous session, as retail giant Walmart's earnings and strong retail sales figures led investors to believe the U.S. consumer could help the country avoid  a recession.


The S&P 500 was up 0.25%, or 7 points to 2847.60. At best, earnings across the companies in the S&P 500 will grow 1.5% this year, FactSet projects, far short of estimates for growth of more than 6% that analysts initially forecast in January. Worse, a few analysts predict earnings could end up contracting for 2019 as a whole.


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Plan A : Sell if market rebounded but resisted around 2901.25. Targets are 2886.75, 2875.25 and 2866.25.

Plan B : Buy only if market supported firm above 2901.25. Targets are 2917.25, 2927.50 and 2935.75.

Plan C : Sell if market failed to support above 2859.75. Targets are 2844.25, 2835.75 and 2823.75.

Plan D : Buy if market retraced later supported firm above 2859.75. Targets are 2874.50, 2885.25 and 2894.75.   

 



E-Mini Nasdaq


Thursday's session closed with the Nasdaq Composite Index at 7766.62. The total shares traded for the Nasdaq was over 2.12 billion. Declining stocks led advancers by 1.37 to 1 ratio.

 

The Nasdaq 100 Index closed down -0.07% for the day; a total of -5.24 points. Cisco Systems Inc. had the largest percent change down, -8.61% while NetApp Inc. had the largest percent change gain rising 3.94%.


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Plan A : Sell if market rebounded and resisted around 7655.25. Targets are 7612.50, 7585.50 and 7555.75.

Plan B : Buy only if market supported firm above 7588.25. Targets are 7628.75, 7658.25 and 7688.75.

Plan C : Buy if market retraced then later supported above 7521.25. Targets are 7559.75, 7590.25 and 7621.50.

Plan D : Sell if market failed to support above 7588.25. Targets are 7548.25, 7520.75 and 7492.75.

   

 

 

HSI/HSI warrant


Hong Kong stocks staged a reversal on Thursday, bouncing back from a seven-month low, as mainland investors hunted for bargains through the Stock Connect.

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Plan A : Above 25475, do nothing

Plan B : Below 25281, do nothing

Plan C : Attempt buying if market trades firmly above 25281

Plan D : Cut below 25210

Plan E : Consider selling if market fails to breach above 25475 and retrace

Plan F : Cut above 25530



WTI Crude


Oil prices fell more than 1% on Thursday, extending the previous session's 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories. 

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Plan A : Attempt selling if oil price stays below 55.1

Plan B : Cut above 55.7

Plan C : Consider buying only if oil price holds firm above 54.7

Plan D : Cut below 54.1



Gold


Gold prices edged higher on Thursday as lingering fears over a global economic downturn and lack of clarity on the U.S.-China trade front kept the safe haven comfortably above the key $1,500 per ounce handle.

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Plan A : Remain buy as long as gold price holds firm above 1510
Plan B : Exit below 1507
Plan C : Consider selling only if gold price fails to breach above 1528
Plan D : Cut above 1532




 

 

 

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.

 

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